Many turned to U.S. dividend stocks for an easy way to ride the rally and receive some extra cash on the side. However, investors should also consider dividend exchange traded funds that track overseas markets as a way to diversify a portfolio.

The iShares International Select Dividend ETF (NYSEArca: IDV) and iShares Emerging Markets Dividend ETF (NYSEArca: DVYE) are gaining momentum, writes David Fabian, Chief Operations Officer and Managing Partner of Fabian Capital Management, for Minyanville. [Why Investors are Looking at Foreign Stock ETFs for Income and Growth]

IDV recently crossed above its May high. Meanwhile, IDV has increased 13% since its June low, outpacing domestic dividend rivals.

Fabian attributes the surge in overseas assets to “rebalancing and diversification away from domestic stocks and into international companies with more attractive valuations.”

Additionally, international stocks typically have higher yields than that of stocks at home. IDV has a 4.55% yield and DVYE comes with a 4.37% dividend rate. In comparison, the iShares Select Dividend ETF (NYSEArca: DVY) offers a 3.55% yield.